Employee Benefits

FEBRUARY 15, 2023

For many employers, pay rises at the level needed to keep pace with inflation simply will not be possible, warns Alasdair McGill, managing director of accounts and consultancy firm Ashton McGill. Many providers of existing benefits, such as pensions , will have education modules to increase awareness of the financial provisions on offer.

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Employee Benefits

FEBRUARY 4, 2022

The FCA last year set out proposals to increase base pay by 2% this April for workers “clearly meeting or exceeding their objectives” It also consulted on scrapping annual discretionary bonuses from that point and introducing changes to benefits packages.

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Vantage Circle

SEPTEMBER 23, 2023

Employee benefits are crucial for successful organizations in today's fast-paced business world. Attracting And Retaining Talent: Employee benefits are a powerful tool for attracting top talent and retaining experienced employees. Competitive benefits packages make your organization more appealing in a competitive job market.

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Employee Benefits

JANUARY 4, 2022

Importance of benefits. Research published by benefits provider Unum in December 2021, meanwhile, found 40% of staff who quit their job say a better employee benefits package would attract them to a new employer. This is putting pressure on employers to re-evaluate the entire package they offer employees.

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Employee Benefits

DECEMBER 14, 2022

Of those that are considering change, 79% will be enhancing benefits. Diverse workforces and hybrid working are impacting how reward and benefits are now viewed by employees and candidates, says Sarah Jefferys, head of reward consulting at Gallagher. Events impacting pay, financial wellbeing and pensions.

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Employee Benefits

NOVEMBER 21, 2022

A picture paints a thousand words, and this is true with total reward, says Sarah Robson, senior strategic consultant at Aon. If this is the case, employee benefit platforms and reward can become a redundant cost to the business and it not getting the full value of what is on offer,” she says.

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cipHR

JULY 30, 2020

In February 2020, the Money and Pension Service (MAPS) rolled out a 10-year strategy for financial wellbeing , which identifies workplaces as a key channel through which the UK can become financially healthier. It allows an employee to exchange part of their salary for extra benefits, usually non-cash benefits from the employer.

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